iscover
Minister for Defence Industry Melissa Price unveiled the latest round of Defence Global Competitiveness Grant awards on 15 May. The scheme provides grants to SMEs of up to $150,000, covering a maximum of half the cost of investing in projects that build export capability towards a stronger, more sustainable and globally competitive Australian defence industry.
“This funding helps Australian small businesses overcome barriers to accessing export opportunities, and help build their resilience,” said the minister.
“By supporting the defence export capability of small and innovative Australian businesses, we are growing our defence industry sector. These grants are another way the Morrison government is supporting our defence industry to keep their wheels turning both during and beyond COVID-19.”
Four companies from Queensland, two from South Australia and one each from Tasmania, Victoria and NSW are the recipients of a total of nearly $1 million in funding.
Minister Price said Pivot Maritime International is the first Tasmanian company to receive a grant under the program, and will use the funding to help build a mission maritime bridge simulator system, opening up additional export opportunities.
“It’s great to see our defence industry growing in all parts of Australia, not just those states with a heavy defence presence,” she said.
Sydney-based Heat Treatment Australia plans to use its grant to build the infrastructure to tap into the F-35 supply chain.
“Heat Treatment Australia is an excellent example of a small business taking up opportunities in global markets, and how that can lead to businesses growth,” Minister Price said.
“All these companies are a testament to the innovative and competitive spirit of Australia’s defence industry, resulting in greater capability for our Defence Force.”
Applications for the Defence Global Competitiveness Grants program can be made at any time through: www.business.gov.au/dgc.
|
Company |
Grant Amount |
Details |
State |
|
RUAG Australia |
$49,046 |
To assist with ICT upgrades, enabling the company to expand its manufacturing of F-35 components and unlock further opportunities with the US Department of Defense. |
VIC |
|
Valley Precise Global |
$150,000 |
To acquire and install machinery to increase the company's monthly production of Rapid Response Clamps, in order to increase export opportunities in the US. |
SA |
|
Advanced Navigation |
$150,000 |
To facilitate the manufacture of inertial sensors for autonomous surface, aerial and vessel markets, opening up export opportunities in the US and Europe. |
NSW |
|
EM Solutions |
$76,500 |
To set up infrastructure to test satellite communication terminal performance, for export to international markets. |
QLD |
|
Heat Treatment Australia |
$118,493 |
To build the infrastructure to meet increased demand for testing components supplied internationally for the F-35 program. |
QLD |
|
IntelliDesign |
$20,700 |
To assist the company achieve industry accreditation required to compete in international defence export markets. |
QLD |
|
$46,000 |
To assist with the manufacture of printed circuit assemblies, enabling the company to produce in-demand components for global supply chains. |
QLD |
|
|
Immersaview |
$76,100 |
To support the company increase its export opportunities with improved in-house testing and development capabilities for its products. |
QLD |
|
Pivot Maritime International
|
$150,000 |
To support the design, engineering and commissioning activities to build a full mission maritime bridge simulator system that can be easily transported to a wide range of locations for immediate employment. |
TAS |
|
Fivecast |
$150,000 |
To assist the company to increase export opportunities for its risks and threat identification analytics software which uncovers threats to national security. |
SA Want to see more stories from trusted news sources?
0
Comments
No Tags Tags:
|
